I just don't understand her.
She is 70 years old, and she doesn't seem in good health, look at her! (she faded once on stage when she was Secretary of State).
She is rich, and just have two young grandchildren. Life would be much more enjoyable if she just quit addicting t politics and enjoying her grand kids and her money instead, don't you agree?
Now the State Department reopens her email case; and the Oversight Committee also starts investigate the FBI over handling of this case. Man, mercy please, she is old woman!
I reminded everyone of this "sales fall-out" last month and predict that this stock would go down to $135-150 range. But most would rather just "hoped" for better, instead of evaluate the situation realistically.
The former senior finance manager sues the company for allegedly firing her for complaining about improper accounting practices in its cloud services business.
The former employee claims that upper management attempted to pressure her to "fit square data into round holes" to make Oracle Cloud Services's results look better.
Saw it too. The same thing or worse can be expected for Amazon. The following is the hightlight of the news.
Oracle (ORCL) Stock Down on Cloud Accounting Lawsuit
Oracle (ORCL) stock is declining in pre-market trading as a former employee sues the company on allegations that she was fired for whistleblowing about improper accounting practices.
I think we have had the "bounce" yesterday and this morning, now a second leg-down will kick in which likely takes Baidu to 140s. Anyway, Baidu's reputation is severely damaged, which will have a big dent on its ad sales.
Amazing the investors' naiveness on this board. The day before yesterday, it was "buying opportunity...., I expect this to be $220 by ..."; yesterday, it was "buying opportunity, I expect this to be back to 190 by end of day"; today, it was "buying opportunity, I expect it to be back to 180 ...".
I guess when baidu is at 140, someone will post "buying opportunity, I expect this to be 145 soon". Are you buying or you try to convince others to buy to save your underwater positions?
Now those businesses are also angry and using this incident to get Baidu! Because over the years, those hospitals/doctors/medical institutions have been forced to pay a ever-higher fee to get appear on the top-lines on the front page of search-indexing. They said in the end, a large part of their medical practicing income went to baidu, so they have also been angry and resentful of Baidu.
I underestimated the seriousness of the consequence of this incident. There was just a report coming out if you could read Chinese characters) based on information provided by Baidu's former employees, Baidu's medical search ads of indexing by price paid has accounted to 40% of Baidu's income source. There has been A LOT of anger and resentment to baidu's this search-indexing practice, this incident just ignited an explosion of public anger and resentment, like a spark in a dry forest. If the Chinese government forces Baidu to stop this practice, it could cut a big chunk of Baidu's revenue. Already, with this incident and public outage, Baidu's reputation is already in jeopardy and will lost a lot of ad revenue anyway. I won't be surprised if the stork gets sold down to 135-150 range before getting stabilizing. Also, there has been lobbing for Google to reenter China.
A friendly advice: You know that saying on the poker table: you ARE the fool if you can't see the suckers.
There is, of course more to it. I would not say what it is for free, you have to figure it out.
This investigation is EXACTLY about Baidu's search business practice. Over the years, for those medical/drug ads, Baidu used a practice that was whoever pay Baid the most, he or his drugs will be recommended on the top-line on its front page by Baidu's search-indexing. That search practices created the opportunity for all the scammers and frauds, and exactly was what caused this tragedy of this young man. This search-indexing practices of medical ads were one-quarter of Baidu's revenue source.
A 21-year old university student 魏则西 believed in Baidu search recommended doctor's false medical claim (i.e., promising would at least extending his life for 20+ years), and chose it for his treatment. Then after having spent more than $30,000 (or 200,000+ chinese yuan), this young man got worse and died.
This isn't an isolated incident. But this time the Chinese government's official mouthpiece, "The People's Daily" just has an article out on its May 1st issue about this incident and questioning the corporate's search practice, business conscience and responsibility.